Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Sure, but I would put it to you, Mr. Patterson, that the words contained in the report were very important. People relied on that report. Businesses might have made investment decisions on the basis of the Central Bank's assessment, that the fundamentals were strong, there would be a soft landing, that there are risks but they are manageable. You know, individuals were reading the headlines in the newspapers and on the broadcast media where, you know, there was a strong sense from the Central Bank that, you know, everything's going to be fine. People were relying on that and I put it to you, you know, was the financial stability report a fully honest document?